Xinjiang East Universe (Group) Gas Co (SHSE:603706) Days Payable : 49.35 (As of Mar. 2024)

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What is Xinjiang East Universe (Group) Gas Co Days Payable?

Xinjiang East Universe (Group) Gas Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥204 Mil. Xinjiang East Universe (Group) Gas Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥378 Mil. Hence, Xinjiang East Universe (Group) Gas Co's Days Payable for the three months ended in Mar. 2024 was 49.35.

The historical rank and industry rank for Xinjiang East Universe (Group) Gas Co's Days Payable or its related term are showing as below:

SHSE:603706' s Days Payable Range Over the Past 10 Years
Min: 43.53 Med: 69.85 Max: 125
Current: 72.2

During the past 10 years, Xinjiang East Universe (Group) Gas Co's highest Days Payable was 125.00. The lowest was 43.53. And the median was 69.85.

SHSE:603706's Days Payable is ranked better than
53.55% of 493 companies
in the Utilities - Regulated industry
Industry Median: 66.15 vs SHSE:603706: 72.20

Xinjiang East Universe (Group) Gas Co's Days Payable declined from Mar. 2023 (60.00) to Mar. 2024 (49.35). It may suggest that Xinjiang East Universe (Group) Gas Co accelerated paying its suppliers.

Xinjiang East Universe (Group) Gas Co Days Payable Historical Data

The historical data trend for Xinjiang East Universe (Group) Gas Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Xinjiang East Universe (Group) Gas Co Days Payable Chart

Xinjiang East Universe (Group) Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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58.72

43.53

54.69

80.97

96.30

Xinjiang East Universe (Group) Gas Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															60.00	135.59	108.23	57.51	49.35

Competitive Comparison of Xinjiang East Universe (Group) Gas Co's Days Payable

For the Utilities - Regulated Gas subindustry, Xinjiang East Universe (Group) Gas Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Xinjiang East Universe (Group) Gas Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Xinjiang East Universe (Group) Gas Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xinjiang East Universe (Group) Gas Co's Days Payable falls into.

Xinjiang East Universe (Group) Gas Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Xinjiang East Universe (Group) Gas Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (234.094	+	217.607)	/	2 )	/	856.021	*	365
=	225.8505					/	856.021	*	365
=	96.30

Xinjiang East Universe (Group) Gas Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (217.607	+	191.1)	/	2 )	/	377.841	*	365 / 4
=	204.3535					/	377.841	*	365 / 4
=	49.35

Xinjiang East Universe (Group) Gas Co Days Payable Related Terms

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Xinjiang East Universe (Group) Gas Co (SHSE:603706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Xinjiang East Universe (Group) Gas Co Ltd (SHSE:603706) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 198 Yan'an North Road, 24th Floor, Changji Prefecture, Changji City, CHN, 831100

Website

http://www.dfhyrq.com

Xinjiang East Universe (Group) Gas Co Ltd offers gas supplying services. It offers car gas products, residents living gas products, industrial gas products, commercial gas products and other gas equipment installation services.

Executives

Tian Jia	Director
Zhang Ke	Supervisors
Zhou Jing	senior management
Li Wei Wei	senior management
Li Ming	Director

Xinjiang East Universe (Group) Gas Co (SHSE:603706) Headlines

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